Professional
Added to YB: 2024-05-08
Pitch date: 2024-03-31
ALGM [bullish]
Allegro MicroSystems, Inc.
-0.77%
current return
Author Info
No bio for this author
Company Info
Allegro MicroSystems, Inc., together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific power ICs for motion control and energy-efficient systems.
Market Cap
$4.6B
Pitch Price
$27.32
Price Target
53.92 (+99%)
Dividend
N/A
EV/EBITDA
66.59
P/E
-157.49
EV/Sales
6.05
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Baron Discovery Fund Added On Portfolio Holding: Allegro MicroSystems, Inc.
ALGM: Added to position in fabless IC sensor & analog power chip designer for auto/industrial markets. Shares down from $50s to $20s; view as solid long-term grower that can 2x from here. Bought more after reducing in Q3 2023 on extreme valuations.
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